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Dec 31, 2012 5:00am EST
more than 24 hours. we're here. we're ready. >> reporter: president obama sitting down for his first sunday morning talk show interview in over three years told nbc it is time to lawmakers to nail down a deal o. >> we don't yet see an agreement and now the pressure is on congress to produce. >> reporter: republicans and democrats going back and forth behind closed doors working through night trying to avoid some of the most painful tax hikes and spending cuts in our nation's history. >> there is still significant distance between the two sides but negotiations continue. >> reporter: a possible sign of progress came when vice president joe biden rushed back from delaware to the white house to work the phones and reach out to republican senator mitch mcconnell, someone who he has worked with on many deals over the years. >> we're willing to work with whoever, whoever can help. there is no single issue that remains an impossible sticking point. >> reporter: if these bipartisan talks fail overnight, senate majority leader harry reid says he will push a white house fallback bill that. wou
Jan 1, 2013 5:00am EST
. >> reporter: good morning to you. the deal making continue well into the night with the vote coming at 2:00 in the morning. as you said, the vote -- the bill passed 89-8. shortly after the vote, president obama said while neither decembers nor republicans got everything they wanted, this agreement is the right thing to do for our country and the house should pass it without delay. now, house speaker john boehner and his leadership team say they need it review the bill before putting it up for a vote. that could happen late today or perhaps wednesday. in the deal approved by the tonight, income tax rates will stay the same for most americans. individuals making $400,000 and couples making $450,000 will see their taxes rise. the planned $24 billion in spending cuts to defense and domestic programs, they've been delayed just two months. senators say it is a less than perfect plan but it is a start. >> we don't think taxes should be going up on anyone but we all knew, if we did nothing, they would be going up on everyone today. we weren't going to let that happen. each of us could spend
Search Results 0 to 1 of about 2